Thu.Aug 25, 2022

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The future of the Metaverse holds great promise. The present, less so.

Accounting Today

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5 reasons you need continuity in a sales tax provider

TaxConnex

Consistent (i.e., “good”) service is a nice thing to have in any industry. In a field that changes as fast as sales tax, it’s a necessity. But providers have their own business priorities as well and if customer service isn’t at the top of their list, changes could end up harming you. Maybe they’ve priced themselves out of your range or discontinued the service you need, or have become too big to match your specific needs.

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Trending Sources

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IRS will wipe away $1.2B in late fees from pandemic

Accounting Today

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 August ‘22 Acterys Product Updates

Acterys

This month, we are again releasing major improvements for Acterys. Our development team has been pretty busy working on significant functionality improvements and new features to make your experience with our products better in terms of speed, usability, security, and ease of use. We have added multiple new features, new Apps, upgraded Power BI visuals with refined functions, and enhanced overall application security.

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Your Accounting Expertise Will Only Get You So Far: The New Way To Lead

Speaker: Victor C. Barnes, CPA, MBA

In the climb from contributor to leader, the rules quietly change. But if you’re aiming for the summit, the air gets thinner, and what got you here won’t be enough to get you to the top. 🗻 What made you successful early in your finance career—technical accuracy, sharp analysis, flawless execution—won’t be what carries you to the next level. The higher you go, the more your effectiveness depends on how you connect, adapt, and communicate.

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IRS Announces Broad-Based Penalty Relief

Withum

On August 24, 2022, the IRS issued Notice 2022-36 to announce broad-based penalty relief for certain failure to file penalties with respect to tax returns for taxable years 2019 and 2020 as long as they are filed by September 30, 2022. The Notice also provides relief from certain information return penalties with respect to taxable year 2019 returns that were filed on or before August 1, 2020, and with respect to taxable year 2020 returns that were filed on or before August 1, 2021.

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Eight tips to prepare for (and make the most of) Xerocon Sydney

Xero

In just a couple of weeks, accountants and bookkeepers from all over Australia, New Zealand and Asia will descend upon Sydney’s International Convention Centre (ICC) for two days of inspiration, education, connection and fun. You guessed it; we’re talking about the return of Xerocon! After a three-year hiatus, we couldn’t be more excited to bring you – our partner community – together again at the world’s most beautiful and innovative conference for cloud accounting leaders. .

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Meeting the expectations of a digital customer

Xero

It’s been so amazing to bring our long-awaited Xerocon event back to life in New Orleans over the past two days. This vibrant city brought a festive atmosphere to the event and we were inspired with on-stage performances by local talent such as Amanda Shaw , a fiddler and Brandan Odum , a successful street artist. It was the perfect way to reconnect with our US and Canadian based accounting and bookkeeping partners and the wider Xero community. .

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Navigating Tax Season in the Gig Economy

Intuitive Accountant

Tipalti’s Rob Israch explains why this year may be one of the most complex tax seasons for these types of contractors and their employers.

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The top three security priorities for your organization as you look ahead

Xero

The last two days at Xerocon New Orleans have been a fantastic whirlwind, and I was particularly thrilled to speak about my favourite topic – how to keep your practice cyber safe – in a breakout session on the second day for our delegates. . As Xero’s General Manager for Security Assurance, this is a topic very close to my heart, and it’s this education and awareness piece that makes up a huge part of the work my team and I do on a day-to-day basis. .

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Xero Unveils Efficiency-Driving Tools for US Small Businesses

Intuitive Accountant

New inventory features and a strategic partnership with Avalara will help bring invaluable sales tax capabilities to Xero.

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The Hidden Science Behind Why Finance Teams Resist Change—And How to Fix It

Speaker: Kim Beynon, CPA, CGMA, PMP

The most overlooked, yet most critical, element of transformation is preparing people for change. Automation and AI aren't just technical upgrades, they’re cultural shifts which can challenge identities. That’s why change management isn’t a side project—it’s the foundation. In finance, where precision and process rule, navigating change can feel especially disruptive.

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Avalara and Xero team up on automated sales tax solution

Accounting Today

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Keepin’ It in the Family: 10 Tips for Hiring Your Child

Patriot Software

Do you daydream about working with family members? You may consider hiring your child if you’re a small business owner. That way, you can show them the ins and outs of your business and the importance of hard work. At the same time, you gain an extra set of hands to get tasks done (win-win-win!). […] READ MORE.

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Deloitte sees diversity improving at senior levels

Accounting Today

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CPA Who Gave Up Public Accounting to Drive an 18-Wheeler Says He Made More Money Driving a Truck

Going Concern

*post image is not Steve, just some guy from iStock. Letters to the editor are great because they clue you in to how a reader identifies with what you’ve written and often the writer will share their own experience viewed through the lens of your story. In this case, the reader-submitted letter we’re about to share with you was written not to us but to Fortune in regards to this August 15 article about the struggle to find accounting and finance talent (we wrote our own take on Delo

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Doing More With Less: The Modern Finance Miracle

Speaker: Mark Gilham, FCCA, CPP

Finance used to be the function that counted, now it's the one that’s counted on. 📊 For accounting firms, controllers, and finance leaders, expectations are rising faster than headcount. Businesses want agile forecasts, granular analysis, seamless reporting, and smart automation—often without added resources while demanding uncompromised accuracy and compliance.

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SEC publishes draft strategic plan through 2026

Accounting Today

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How to Convert Salary to Hourly for Nonexempt Employees

Patriot Software

Sometimes, being an employer feels like you’re doing nonstop math. And if you want to know how to convert salary to hourly rate for employees, it’s time to whip out those calculators. So, when would you need to convert a salary to hourly wages? You may want to know how an employee’s salary compares to […] READ MORE.

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Top executives face more scrutiny over pay in new SEC rule

Accounting Today

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Can We Use Flash Drives or CDs to Distribute Welfare Plan SPDs to Individuals Without Work-Related Computer Access?

ThomsonReuters

QUESTION: Many of our employees do not have computer access for their jobs. Can we provide SPDs for the company’s ERISA health and welfare plan to those employees using a flash drive, CD, or something similar that they can use on their home computers instead of mailing paper copies? ANSWER: In general, welfare plan SPDs (and other ERISA disclosures) may be furnished electronically to employees without work-related computer access if certain requirements are met, including obtaining the employe

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8 Pillars of Leadership Development

Great leadership development is the key to sustainable business growth. Are you ready to design an effective program? HR can use Paycor’s framework to: Set achievable goals. Align employee and company needs. Support different learning styles. Empower the next generation of leaders. Invest in your company’s future with a strong leadership development program.

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Baker Tilly to acquire Management Partners

Accounting Today

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Agencies Issue FAQs (Part 55) With Wide-Ranging Surprise Medical Billing and Transparency Guidance

ThomsonReuters

FAQs About Affordable Care Act and Consolidated Appropriations Act, 2021 Implementation Part 55 (Aug. 19, 2022). Available at [link]. The DOL, HHS, and IRS have released FAQs (Part 55) addressing a wide variety of issues raised by the surprise medical billing rules enacted as part of the Consolidated Appropriations Act, 2021 (CAA). (The agencies simultaneously released surprise billing final regulations addressing a narrow set of independent dispute resolution (IDR) issues.

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Tax Fraud Blotter: Clip joints

Accounting Today

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Maximize Your ROI with Outsourced Accounting Services

AccountingDepartment

When many business leaders think of maximizing ROI, they immediately think of reducing client acquisition costs and tightening spending controls. While these strategies are wise starting points, most businesses do not immediately consider outsourced accounting services as a way to get there. But, that is changing.

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Protect What Matters: Rethinking Finance Ops In A Digital World

Speaker: Cheryl J. Muldrew-McMurtry

Distributed finance teams are rewriting how the back-office runs, and attackers are taking notes. Disconnected workflows, process blind spots, and rising cyber threats are more than just growing pains—they’re liabilities. The challenge isn’t just going remote. It’s building resilient systems that protect accuracy, control, and speed across every transaction and touchpoint.

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OECD urges South Africa to raise taxes, sell state firms

Accounting Today

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That’s a wrap for Xerocon New Orleans 2022

Xero

Today, we wrapped up Xerocon New Orleans, the second of three Xerocon events we’re hosting in 2022. . Despite its name, Xerocon isn’t just about Xero – it’s really about our partners and community. It’s so important that we connect with our communities to understand why they choose Xero, what is working well, and where we can improve. After being unable to connect in person at Xerocon for nearly three years, this connection felt especially important and special this year. .

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Sovos acquires biometric ID verification firm

Accounting Today

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Is Xero Really All That Different?

Accounting Web

Accounting Software News Is Xero Really All That Different?

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How to Set Better OKRs and Drive Results

Before you can achieve success, you have to define it. Objectives and Key Results (OKRs) give you the framework to do just that. Paycor’s free guide includes a step-by-step process leaders can use to work toward – and achieve – their loftiest business goals.

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The more inequality, the less people like robots

Accounting Today

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Hire a New Employee – Get Free Money Through WOTC

Withum

The Federal Work Opportunity Tax Credit (“WOTC”) provides tax incentives for hiring individuals who traditionally face barriers to employment. Unlike many state incentives, WOTC is available to restaurant and hospitality businesses. Furthermore, WOTC does not require employers to increase their overall headcount – merely replacing a departing employee with a WOTC-eligible employee is eligible – so the “churn” counts for generating tax credits.

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Tax needs to lean in on sustainability

Accounting Today

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7 Advantages of Accounting Software You Can’t Beat

Patriot Software

As a busy business owner, you’re always looking for ways to save your time and money. And, you certainly don’t want to waste your precious time, energy, and hard-earned cash on accounting tasks. The solution? Accounting software. Along with saving your money and time, there are plenty of other advantages of accounting software. Ready to […] READ MORE.

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Automation, Evolved: Your New Playbook for Smarter Knowledge Work

Speaker: Frank Taliano

Documents are the backbone of enterprise operations, but they are also a common source of inefficiency. From buried insights to manual handoffs, document-based workflows can quietly stall decision-making and drain resources. For large, complex organizations, legacy systems and siloed processes create friction that AI is uniquely positioned to resolve.